Pengaruh Tata Kelola Perusahaan Terhadap Kinerja Perusahaan dan Risiko Perusahaan
Pengaruh Tata Kelola Perusahaan Terhadap Kinerja Perusahaan dan Risiko Perusahaan Manufaktur Bursa Efek Indonesia 2017-2021
DOI:
https://doi.org/10.35134/ekobistek.v11i4.385Keywords:
firm risk, corporate governance, ROA, company performance, Indonesia stock exchangeAbstract
Company performance is the ability of a company to manage existing resources so that it can provide value to the company. In addition to the company's performance, the important thing to consider is the company's risk. Even though a company has good management and business strategy, there is no guarantee that it will avoid company risk. Corporate risk is uncertainty in the future about the risks that will be faced by the company. The company's performance and company risk are of course greatly influenced by the actors who run the company. Governance is the main focus in developing company resources. The purpose of this study was to determine the effect of corporate governance on corporate performance and corporate risk. The research was conducted by taking data from Industrial and Chemical Manufacturing companies on the Indonesia Stock Exchange (IDX). Board composition, the board size, meetings, and audit committee as independent variables, and ROA and firm risk as dependent variables. The research was conducted with various statistical tests such as determining the estimation model including the Chow, Hausman, and Lagrange multiplier. F-test, Goodness of Fit test, and T-test were also carried out. The results showed that meetings had a positive effect on company performance and board size had a positive effect on company risk. The board composition and audit committee variables do not affect company performance and company risk. The results of this study can be used as a reference for companies in improving company performance and company risk management.
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